A theory of innovation

Market transition, property rights, and innovative activity

Victor Nee, Jeong-han Kang, Sonja Opper

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms.

Original languageEnglish
Pages (from-to)397-425
Number of pages29
JournalJournal of Institutional and Theoretical Economics
Volume166
Issue number3
DOIs
Publication statusPublished - 2010 Sep 1

Fingerprint

Innovation
Property rights
Innovative activity
Institutional environment
Transition economies
Entrepreneurship
Entrepreneurs
Market economy
Marketization
China
Economics

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

@article{fc950d12d9cf4ad1bc0da51df1b919b2,
title = "A theory of innovation: Market transition, property rights, and innovative activity",
abstract = "The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms.",
author = "Victor Nee and Jeong-han Kang and Sonja Opper",
year = "2010",
month = "9",
day = "1",
doi = "10.1628/093245610793102152",
language = "English",
volume = "166",
pages = "397--425",
journal = "Journal of Institutional and Theoretical Economics",
issn = "0932-4569",
publisher = "JCB Mohr",
number = "3",

}

A theory of innovation : Market transition, property rights, and innovative activity. / Nee, Victor; Kang, Jeong-han; Opper, Sonja.

In: Journal of Institutional and Theoretical Economics, Vol. 166, No. 3, 01.09.2010, p. 397-425.

Research output: Contribution to journalArticle

TY - JOUR

T1 - A theory of innovation

T2 - Market transition, property rights, and innovative activity

AU - Nee, Victor

AU - Kang, Jeong-han

AU - Opper, Sonja

PY - 2010/9/1

Y1 - 2010/9/1

N2 - The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms.

AB - The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms.

UR - http://www.scopus.com/inward/record.url?scp=77958521954&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=77958521954&partnerID=8YFLogxK

U2 - 10.1628/093245610793102152

DO - 10.1628/093245610793102152

M3 - Article

VL - 166

SP - 397

EP - 425

JO - Journal of Institutional and Theoretical Economics

JF - Journal of Institutional and Theoretical Economics

SN - 0932-4569

IS - 3

ER -